Robert W. Baird Increases Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) Price Target to $32.00

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) had its target price increased by investment analysts at Robert W. Baird from $26.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 40.17% from the company’s current price.

Several other research firms have also commented on LIFE. JPMorgan Chase & Co. lifted their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $21.50 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. William Blair set a $33.00 target price on shares of Ethos Technologies Inc. Class A Common Stock in a research note on Tuesday. Wall Street Zen cut shares of Ethos Technologies Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Ethos Technologies Inc. Class A Common Stock from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Finally, Barclays increased their price objective on shares of Ethos Technologies Inc. Class A Common Stock from $20.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.17.

Ethos Technologies Inc. Class A Common Stock Trading Up 11.8%

Shares of Ethos Technologies Inc. Class A Common Stock stock opened at $22.83 on Tuesday. The stock has a market cap of $1.44 billion and a PE ratio of -7.25. The business has a 50 day moving average of $18.39. Ethos Technologies Inc. Class A Common Stock has a one year low of $9.45 and a one year high of $32.50.

Ethos Technologies Inc. Class A Common Stock (NASDAQ:LIFE) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.34. The company had revenue of $189.56 million for the quarter. The business’s quarterly revenue was up 113.5% on a year-over-year basis.

Insiders Place Their Bets

In other news, CEO Peter George Colis sold 60,035 shares of Ethos Technologies Inc. Class A Common Stock stock in a transaction on Friday, May 15th. The stock was sold at an average price of $22.07, for a total transaction of $1,324,972.45. Following the completion of the sale, the chief executive officer directly owned 751,150 shares in the company, valued at approximately $16,577,880.50. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Lingke Wang sold 46,349 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.11, for a total transaction of $1,024,776.39. Following the sale, the president directly owned 764,836 shares of the company’s stock, valued at $16,910,523.96. This represents a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 781,048 shares of company stock worth $16,165,634. Insiders own 3.70% of the company’s stock.

Ethos Technologies Inc. Class A Common Stock Company Profile

Ethos Technologies Inc operates a technology-driven, direct-to-consumer platform for the distribution of life insurance products. Through its digital underwriting, data analytics, and proprietary technology, it enables consumers to explore, compare, and purchase life insurance policies online. The platform serves consumers, agents, and insurance carriers, and supports the application and policy issuance process through an online interface. The company works with insurance carriers to offer life insurance products in the United States through digital channels and independent agents.